(Manila Bulletin) BFS, a mortgage servicer and special asset management company, calls on homeowners from Mindanao to avail of all possible mortgage financing options to avoid foreclosure. BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It has recently reached out to delinquent loan borrowers in Southern Mindanao (Compestela Valley, Davao del Norte, Davao del Sur, and Davao Oriental), Northern Mindanao (Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, South Cotabato, Sultan Kudarat), CARAGA (Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zamboanga del Norte, Zamboaga del Sur) and ARMM (Maguindanao, Sulu and...
(Manila Standard Today) BFS, a mortgage servicer and special asset management company, is zeroing in on homeowners from Mindanao by offering them mortgage financing options to avoid foreclosure. BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It has recently reached out to delinquent loan borrowers in Southern Mindanao (Compostela Valley, Davao del Norte, Davao del Sur, and Davao Oriental) Northern Mindanao (Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, South Cotabato, Sultan Kudarat), CARAGA (Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zamboanga del Norte, Zamboanga del Sur) and the Autonomous Region of Muslim Mindanao or ARMM (Maguindanao, Sulu and Tawi-Tawi). The Mindanao roadshow showed that more pressing priorities such as payment of children’s tuition fees, seed money for business, and placement fees for family members with OFW’s are the main reasons for delinquent payments. “What we are most concerned is that some of them said they do not know where the amortization should be paid, which redounds to lack of borrower education,” said Federico Cadiz, President of BFS. “We urge the...
(People’s Journal Tonight) BFS, a mortgage servicer and special asset management company, calls on homeowners from Mindanao to avail of all possible mortgage financing options to avoid foreclosure. BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It recently reached out to delinquent loan borrowers in Southern Mindanao (Compostela Valley, Davao del Norte, Davao del Sur and Davao Oriental), Northern Mindanao (Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, South Cotabato, Sultan Kudarat), CARAGA (Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zamboanga del Norte, Zamboanga del Sur), and the Autonomous Region in Muslim Mindanao or ARMM (Maguindanao, Sulu, and Tawi-Tawi). It was found out on this Mindanao roadshow that priorities such as payment of children’s tuition, seed money for business, and placement fees for family members with OFWs are the reasons given for delinquent payments. “What we are most concerned about is that some of them said they do not know where the amortization should be paid, which redounds to lack of borrower education. We urge borrowers to take advantage of...
(Peoples’ Journal Tonight) Brigida Dorado shows off her property title after acquiring it through the help of Bahay Financial Services (BFS). Since 2006, BFS is the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation with more than half of the total number resolved. BFS provided proper procedures on how to pay debts so borrowers can finally resolve their loans and acquire their homes. BFS has branches throughout the Philippines and an outreach program of various communication channels to reach customers. For your mortgage and special servicing needs, you may contact BFS through 02.756.6234 or via email at...
(People’s Journal Tonight) BFS has intensified its campaign to help homeowners with delinquent loan payments in Mindanao to avoid foreclosure. A mortgage service and special management company, BFS has recently reached out to delinquent loan borrowers in Southern Mindanao (Compostela Valley, Davao Del Norte, Davao del Sur, and Davao Oriental), Northern Mindanao ( Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, Sultan Kudarat), CARAGA (Agusan Del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zambonga del Norte, Zambonga del Sur) and the Autonomous Region of Muslim Mindanao or ARMM (Maguindanao, Sulu and Tawi-Tawi). BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). Priorities such as payment of children’s tuition fees, seed money for business, and placement fees for family members with OFWs are the reasons given for delinquent payments. “What we are most concerned about is that some of them said they do not know where the amortization should be paid, which redounds to lack of borrower education. We urge the borrowers to take advantage of the various remedies we offer to help get them...
